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Jefferies Maintains Hold on Molson Coors
Thursday, July 21, 2011 - 7:56am | 80Jefferies is out with its report today on Molson Coors (NYSE: TAP), maintaining Hold. In a note to clients, Jefferies writes, "We're on the sidelines given our expectation for 1) declining volumes in 2011 (very tough comparisons in Canada and consumer/industry headwinds in the U.S.), 2) elevated...
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Stocks to Watch for 07/1/11: Fresh 52 Week Highs and Lows
Friday, July 1, 2011 - 3:16am | 2869Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...
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Stock Watch List For Wednesday
Tuesday, June 28, 2011 - 4:19pm | 2472( click to enlarge ) WellCare Health Plans, Inc. (NYSE:WCG) caught my eye today because the stock has a bullish posture without looking overbought and overextended. The stock has been consolidating the last several days and just broke out today on considerable volume. I'm suggesting small...
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Guggenheim ABCS Gives Us A-B-C But No Y
Friday, June 10, 2011 - 12:18pm | 488The ABC acronym stands for Australia, Brazil, and Canada. The Guggenheim ABC High Dividend ETF (ABCS), launched earlier this week (6/8/11), packages the ten highest yielding stocks from each country into a convenient ETF format. The 30 securities consist of U.S. listed ADRs from all three...
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Five Stanley Cup Stocks For a Bruins Victory
Friday, June 10, 2011 - 11:59am | 346Rooting for the Canucks in these Stanley Cup finals is like rooting for Cobra Kai Dojo in the Karate Kid. They're thugs, they (literally) bit another player, and they let some third-rate defensemen knock a Bruin out for the playoffs with a concussion. They're dirty and they deserve to get smoked...
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Why Hasn't VIX Moved? Here's My Response 06-08-2011
Wednesday, June 8, 2011 - 5:31pm | 879Cusick's Corner The shorts are in control but traders are still preparing for at least one session run up. If the market does muster some sort of upside stance, while I would not be surprised, I would only use this as an opportunity in the short-term to mend long fences or look at some potential...
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News Summary for June 3, 2011
Friday, June 3, 2011 - 7:55am | 334This is your Benzinga news summary and trader's outlook for Friday, June 3, 2011, covering headlines from last night and Friday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are showing losses after disappointing employment data was announced at 8:30 a.m. ET. Non-...
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Foster's: Australian For Takeover
Friday, June 3, 2011 - 7:20am | 484According to Reuters, Molson Coors (NYSE: TAP) and Modelo are considering a joint bid for Australian brewer Fosters that would make the deal the biggest in the beverage sector. If Molson Coors Brewing and Mexico's Grupo Modelo are successful in taking over Australia's Foster's Group Ltd., it would...
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Foster's: Australian for Acquisition Speculation
Friday, June 3, 2011 - 6:02am | 209Foster's Group, an Australian-based brewer, is famous for its marketing catchphrase: "Foster's: Australian for beer." Lately though, the company's executive staff has had to deal more with a potential buyer than marketing, a source told Reuters. Speculation has grown that Molson Coors Brewing...
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Craft Brewers Alliance Names Andrew Thomas President of Commercial Operations
Wednesday, June 1, 2011 - 7:34am | 156Craft Brewers Alliance(Nasdaq: HOOK) has hired Andrew Thomas to complement and enhance the company's growth opportunities in providing quality craft beer and new beer experiences to consumers. In his role as the president of commercial operations, Thomas will be accountable for all sales and...
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Jefferies Initiates Molson Coors At Hold, $50 PT
Wednesday, June 1, 2011 - 4:59am | 25Jefferies & Company has initiated coverage on Molson Coors (NYSE: TAP) with a Hold rating and $50 price target.
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Signs Of Summer: 5 Stocks For Memorial Day
Friday, May 27, 2011 - 8:27am | 580Memorial Day is upon us, and it's the unofficial start of summer. The beaches will be packed, barbecues will be going, people will be partying, and enjoying the time off we have from work. While you are cooking up hot dogs, hamburgers, and eating some potato salad, chew on some of these stock...
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Bank of America Merrill Lynch Reports on Molson Coors
Friday, May 27, 2011 - 7:12am | 226Bank of America Merrill Lynch commented on Molson Coors (NYSE: TAP) in a report released yesterday. In the report, Bank of America Merrill Lynch was mixed in its assessment of the company. Bank of America Merrill Lynch writes, "Our Neutral stance towards the stock has been centered around...
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Public Companies Giving Out Cash Like They're Oprah on a Coke Binge
Thursday, May 26, 2011 - 4:25pm | 538For all the talk about the recession, one segment of the economy is booming. The corporate world is flush with cash, and the proof is in the dividend pudding. Take a look at the news wire the last few days. It seems like everybody and their grandmother is handing out new dividends, increasing...
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Molson Coors Brewing Company Increases Quarterly Dividend by 14% to $0.32
Thursday, May 26, 2011 - 3:15pm | 70Molson Coors Brewing Company (NYSE: TAP) today announced that its Board of Directors has increased the quarterly dividend on its Class A and Class B common shares by 14 percent, or $0.04, to US$0.32 per share, payable June 15, 2011, to shareholders of record on June 6, 2011. The quarterly dividend...